Denmark

Denmark, officially the Kingdom of Denmark together with Greenland and the Faroe Islands, is a Scandinavian country in Northern Europe. It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark borders both the Baltic and the North Sea. The country consists of a large peninsula, Jutland (Jylland) and many islands as well as hundreds of minor islands often referred to as the Danish Archipelago. Denmark has long controlled the approach to the Baltic Sea; before the digging of the Kiel Canal, water passage to the Baltic Sea was possible only through the three channels known as the "Danish straits". Denmark is a constitutional monarchy with a parliamentary system of government. Denmark has a state-level government and local governments in 98 municipalities. Denmark has been a member of the European Union since 1973, although it has not joined the Eurozone. Denmark is a founding member of NATO and the OECD. Denmark is also a member of the Organisation for Security and Cooperation in Europe (OSCE). Denmark, with a mixed market capitalist economy and a large welfare state, ranks as having the world's highest level of income equality. Denmark has the best business climate in the world, according to the U.S. business magazine Forbes.